What the Options Market Tells Us About Riot Platforms
Portfolio Pulse from Benzinga Insights
High-rolling investors have positioned themselves bearish on Riot Platforms (NASDAQ:RIOT), with 55% of the options trades being bearish. The trading volume for RIOT is down by 7.41%, and the stock price is currently $9.99. Analysts have set an average price target of $15.67, with all maintaining a Buy rating.
May 23, 2024 | 7:46 pm
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High-rolling investors have positioned themselves bearish on Riot Platforms (NASDAQ:RIOT), with 55% of the options trades being bearish. The trading volume for RIOT is down by 7.41%, and the stock price is currently $9.99. Analysts have set an average price target of $15.67, with all maintaining a Buy rating.
The significant bearish sentiment among high-rolling investors, as indicated by the options trades, suggests a negative short-term outlook for RIOT. The stock price has already dropped by 7.41%, and the bearish options trades further indicate potential downward pressure. However, the consistent Buy ratings from analysts provide a longer-term positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100